Needham & Company Reiterates a 'Strong Buy' on Cirrus Logic (CRUS); Management Visits Reinforce 2012 Growth
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Price: $120.22 -0.72%
Rating Summary:
13 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
13 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Needham & Company reiterates a 'Strong Buy' on Cirrus Logic (NASDAQ: CRUS) price target of $28.00.
Analyst, Vernon Essi, Jr, said, "Late last week we hosted CRUS CEO Jason Rhode through a series of investor meetings in New York. While little emerged from the meetings that was incremental to our thesis and the focal data points for investors, we observed a couple of noteworthy changes from prior discussions. These included investors’ newfound interest in the LED opportunity, CRUS' portable audio strategy being optimized for select mobile handset OEMs, further discussion of the new audio DSP and its technology advantages and more in-depth discussion regarding competition."
For an analyst ratings summary and ratings history on Cirrus Logic click here. For more ratings news on Cirrus Logic click here.
Shares of Cirrus Logic closed at $21.39 yesterday.
Analyst, Vernon Essi, Jr, said, "Late last week we hosted CRUS CEO Jason Rhode through a series of investor meetings in New York. While little emerged from the meetings that was incremental to our thesis and the focal data points for investors, we observed a couple of noteworthy changes from prior discussions. These included investors’ newfound interest in the LED opportunity, CRUS' portable audio strategy being optimized for select mobile handset OEMs, further discussion of the new audio DSP and its technology advantages and more in-depth discussion regarding competition."
For an analyst ratings summary and ratings history on Cirrus Logic click here. For more ratings news on Cirrus Logic click here.
Shares of Cirrus Logic closed at $21.39 yesterday.
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